Pros
There is a good work-life balance. I think the 401k plan is solid and there is ample time-off. I prefer to get my time off up to the max so that eventually I have to use it all each year or else sell it back. This will cover me for the eventual slash and burn. The company seems to be moving towards cost savings by setting up centers in such lovely places as Oak Ridge, Tennessee. I am sure some people like it there but to move from one of the coasts to the Shared Services Center does not sound ideal. On the other hand centralizing key functions is certainly a wise move.
Cons
Working for the line can bring more rewards but of course you are open to losing coverage. Management seems to be very cost-conscious these days so I can see some layoffs coming. Hopefully in the world of musical chairs I am able to stay safe but you never know. I also think that there are just too many reorgs. This kind of thing can affect morale and seems to be dragging people down as there is a constant wondering if your group is next on the chopping block. I am guessing that's true of most companies these days. SAIC should not be immune.